Insurance

As a major value addition to our products, we have tied up with M/s.Aviva Life Insurance Company ( India ) Pvt. Ltd., a leading Life Insurance Company in the private sector. The new feature will cover the life risk of our borrowers and save the family from the hardships of clearing the housing loan liability in the unfortunate event of the death of the borrower. This special group life insurance cover scheme worked out by the Insurance Company for the borrowers of Can Fin Homes Ltd. will be known as CAN FIN LOAN SHIELD .

SALIENT FEATURES OF CAN FIN LOAN SHIELD

• The scheme is open to our existing as well as new borrowers.
• The scheme is solely at the option of the customer.
• Under the scheme, you will get life insurance cover upto the extent of their outstanding loan liability as per the agreed loan schedule, during the tenure of the loan.
• The duration of the insurance cover for the customer will be the loan period, subject to the upper age limit criteria laid down under the scheme.
• The premium applicable under the scheme is a one-time premium to be borne by the customer. The premium can be treated as a part of the project cost in the case of new customers who opt for availing the insurance cover at the loan application stage itself / before the loan is processed.